Description

Corporate director’s time is a limited commodity. While directors are usually required to meet ten to twelve times per year, the job of corporate governance demands more participation time between board meetings than actual board meeting time. Directors must demand higher standards of their CEO for leadership on important issues. Boards must be strong enough to allow outside participation by employees and customers, and directors must hire advisors to conduct redundant regulatory functions to allow the board and corporate management to focus on the strategy of enhancing shareholder value.